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TETRAGON FINANCIAL GROUP LTD (TFG.AS) Stock Price, Forecast & Analysis

Europe - AMS:TFG - GG00B1RMC548

19.2 USD
0 (0%)
Last: 11/3/2025, 7:00:00 PM
Fundamental Rating

4

Taking everything into account, TFG scores 4 out of 10 in our fundamental rating. TFG was compared to 112 industry peers in the Capital Markets industry. While TFG is still in line with the averages on profitability rating, there are concerns on its financial health. TFG has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

In the past year TFG was profitable.
TFG had a negative operating cash flow in the past year.
Of the past 5 years TFG 4 years were profitable.
In the past 5 years TFG always reported negative operating cash flow.
TFG.AS Yearly Net Income VS EBIT VS OCF VS FCFTFG.AS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M 400M

1.2 Ratios

The Return On Assets of TFG (16.79%) is better than 95.54% of its industry peers.
TFG has a Return On Equity of 19.66%. This is in the better half of the industry: TFG outperforms 79.46% of its industry peers.
TFG's Return On Invested Capital of 13.75% is amongst the best of the industry. TFG outperforms 93.75% of its industry peers.
Industry RankSector Rank
ROA 16.79%
ROE 19.66%
ROIC 13.75%
ROA(3y)4.45%
ROA(5y)6.68%
ROE(3y)4.98%
ROE(5y)7.28%
ROIC(3y)N/A
ROIC(5y)N/A
TFG.AS Yearly ROA, ROE, ROICTFG.AS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5 10

1.3 Margins

Looking at the Profit Margin, with a value of 70.60%, TFG belongs to the top of the industry, outperforming 93.75% of the companies in the same industry.
In the last couple of years the Profit Margin of TFG has remained more or less at the same level.
Looking at the Operating Margin, with a value of 73.35%, TFG belongs to the top of the industry, outperforming 94.64% of the companies in the same industry.
TFG's Operating Margin has been stable in the last couple of years.
With a decent Gross Margin value of 76.09%, TFG is doing good in the industry, outperforming 76.79% of the companies in the same industry.
In the last couple of years the Gross Margin of TFG has remained more or less at the same level.
Industry RankSector Rank
OM 73.35%
PM (TTM) 70.6%
GM 76.09%
OM growth 3Y1.38%
OM growth 5Y0.01%
PM growth 3Y-0.49%
PM growth 5Y-1.13%
GM growth 3Y0.69%
GM growth 5Y-0.26%
TFG.AS Yearly Profit, Operating, Gross MarginsTFG.AS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40 60 80

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3

2. Health

2.1 Basic Checks

The number of shares outstanding for TFG has been increased compared to 1 year ago.
Compared to 5 years ago, TFG has less shares outstanding
TFG has a worse debt/assets ratio than last year.
TFG.AS Yearly Shares OutstandingTFG.AS Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
TFG.AS Yearly Total Debt VS Total AssetsTFG.AS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

An Altman-Z score of 4.74 indicates that TFG is not in any danger for bankruptcy at the moment.
The Altman-Z score of TFG (4.74) is better than 82.14% of its industry peers.
A Debt/Equity ratio of 0.10 indicates that TFG is not too dependend on debt financing.
With a decent Debt to Equity ratio value of 0.10, TFG is doing good in the industry, outperforming 76.79% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF N/A
Altman-Z 4.74
ROIC/WACCN/A
WACCN/A
TFG.AS Yearly LT Debt VS Equity VS FCFTFG.AS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B 3B

2.3 Liquidity

A Current Ratio of 0.22 indicates that TFG may have some problems paying its short term obligations.
TFG's Current ratio of 0.22 is in line compared to the rest of the industry. TFG outperforms 40.18% of its industry peers.
TFG has a Quick Ratio of 0.22. This is a bad value and indicates that TFG is not financially healthy enough and could expect problems in meeting its short term obligations.
TFG has a Quick ratio (0.22) which is in line with its industry peers.
Industry RankSector Rank
Current Ratio 0.22
Quick Ratio 0.22
TFG.AS Yearly Current Assets VS Current LiabilitesTFG.AS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M 400M

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3

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 448.26% over the past year.
Measured over the past 5 years, TFG shows a small growth in Earnings Per Share. The EPS has been growing by 6.64% on average per year.
TFG shows a strong growth in Revenue. In the last year, the Revenue has grown by 328.78%.
Measured over the past years, TFG shows a small growth in Revenue. The Revenue has been growing by 5.30% on average per year.
EPS 1Y (TTM)448.26%
EPS 3Y-1.84%
EPS 5Y6.64%
EPS Q2Q%1020.68%
Revenue 1Y (TTM)328.78%
Revenue growth 3Y-5.1%
Revenue growth 5Y5.3%
Sales Q2Q%639.59%

3.2 Future

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A

3.3 Evolution

No EPS estimates are available, so we could not analyze the future EPS growth and evolution.
No Revenue estimates are available, so we could not analyze the future revenue growth and evolution.
TFG.AS Yearly Revenue VS EstimatesTFG.AS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M
TFG.AS Yearly EPS VS EstimatesTFG.AS Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 0.5 1

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3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 2.91, the valuation of TFG can be described as very cheap.
Based on the Price/Earnings ratio, TFG is valued cheaply inside the industry as 99.11% of the companies are valued more expensively.
TFG's Price/Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 26.51.
Industry RankSector Rank
PE 2.91
Fwd PE N/A
TFG.AS Price Earnings VS Forward Price EarningsTFG.AS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 0 0 0 0

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
TFG.AS Per share dataTFG.AS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15 20

4.3 Compensation for Growth

The decent profitability rating of TFG may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)0.44
EPS Next 2YN/A
EPS Next 3YN/A

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4

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 2.30%, TFG has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 5.73, TFG pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.38, TFG has a dividend comparable with the average S&P500 company.
Industry RankSector Rank
Dividend Yield 2.3%

5.2 History

The dividend of TFG decreases each year by -11.34%.
Dividend Growth(5Y)-11.34%
Div Incr Years0
Div Non Decr Years3
TFG.AS Yearly Dividends per shareTFG.AS Yearly Dividends per shareYearly Dividends per share 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6

5.3 Sustainability

3.30% of the earnings are spent on dividend by TFG. This is a low number and sustainable payout ratio.
DP3.3%
EPS Next 2YN/A
EPS Next 3YN/A
TFG.AS Yearly Income VS Free CF VS DividendTFG.AS Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 100M -100M 200M 300M 400M
TFG.AS Dividend Payout.TFG.AS Dividend Payout, showing the Payout Ratio.TFG.AS Dividend Payout.PayoutRetained Earnings

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TETRAGON FINANCIAL GROUP LTD

AMS:TFG (11/3/2025, 7:00:00 PM)

19.2

0 (0%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)07-29 2025-07-29
Earnings (Next)03-02 2026-03-02
Inst Owners10.8%
Inst Owner ChangeN/A
Ins Owners17.63%
Ins Owner ChangeN/A
Market Cap2.68B
Revenue(TTM)987.90M
Net Income(TTM)697.50M
Analysts82.86
Price TargetN/A
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 2.3%
Yearly Dividend0.23
Dividend Growth(5Y)-11.34%
DP3.3%
Div Incr Years0
Div Non Decr Years3
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)N/A
PT rev (3m)N/A
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)N/A
EPS NY rev (3m)N/A
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)N/A
Revenue NY rev (3m)N/A
Valuation
Industry RankSector Rank
PE 2.91
Fwd PE N/A
P/S 3.14
P/FCF N/A
P/OCF N/A
P/B 0.87
P/tB 0.87
EV/EBITDA N/A
EPS(TTM)6.6
EY34.38%
EPS(NY)N/A
Fwd EYN/A
FCF(TTM)-0.74
FCFYN/A
OCF(TTM)-0.74
OCFYN/A
SpS6.12
BVpS21.98
TBVpS21.98
PEG (NY)N/A
PEG (5Y)0.44
Graham Number57.13
Profitability
Industry RankSector Rank
ROA 16.79%
ROE 19.66%
ROCE 18.34%
ROIC 13.75%
ROICexc 13.76%
ROICexgc 13.82%
OM 73.35%
PM (TTM) 70.6%
GM 76.09%
FCFM N/A
ROA(3y)4.45%
ROA(5y)6.68%
ROE(3y)4.98%
ROE(5y)7.28%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3Y-10.55%
ROICexgc growth 5Y-1.67%
ROICexc growth 3Y-10.68%
ROICexc growth 5Y-1.7%
OM growth 3Y1.38%
OM growth 5Y0.01%
PM growth 3Y-0.49%
PM growth 5Y-1.13%
GM growth 3Y0.69%
GM growth 5Y-0.26%
F-Score6
Asset Turnover0.24
Health
Industry RankSector Rank
Debt/Equity 0.1
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr N/A
Cap/Sales N/A
Interest Coverage 26.74
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.22
Quick Ratio 0.22
Altman-Z 4.74
F-Score6
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)N/A
Cap/Depr(5y)N/A
Cap/Sales(3y)N/A
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)448.26%
EPS 3Y-1.84%
EPS 5Y6.64%
EPS Q2Q%1020.68%
EPS Next YN/A
EPS Next 2YN/A
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)328.78%
Revenue growth 3Y-5.1%
Revenue growth 5Y5.3%
Sales Q2Q%639.59%
Revenue Next YearN/A
Revenue Next 2YN/A
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y364.49%
EBIT growth 3Y-3.79%
EBIT growth 5Y5.31%
EBIT Next YearN/A
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y-13.48%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-13.48%
OCF growth 3YN/A
OCF growth 5YN/A

TETRAGON FINANCIAL GROUP LTD / TFG.AS FAQ

Can you describe the business of TETRAGON FINANCIAL GROUP LTD?

Tetragon Financial Group Ltd. is a closed-end investment fund, which invests in assets. The firm is focused on providing stable returns to investors across economic cycles and market conditions. The Company’s investment objective is to generate distributable income and capital appreciation. The Company’s non-voting shares are listed on Euronext in Amsterdam, a regulated market of Euronext Amsterdam N.V., and trades on the specialist fund segment of the main market of the London Stock Exchange. The Company’s portfolio of investments is comprised of a range of diversified alternative assets, including public and private equities and credit (including distressed securities and structured credit), convertible bonds, real estate, venture capital, infrastructure, bank loans, legal assets, and TFG Asset Management, a diversified alternative asset management business. The Company’s investment manager is Tetragon Financial Management LP.


Can you provide the latest stock price for TETRAGON FINANCIAL GROUP LTD?

The current stock price of TFG.AS is 19.2 USD.


How is the ChartMill rating for TETRAGON FINANCIAL GROUP LTD?

TFG.AS has a ChartMill Technical rating of 10 out of 10 and a ChartMill Fundamental rating of 4 out of 10.


Should I buy TFG stock?

This depends on your investment goals. Check the Technical and Fundamental Analysis tabs for insights on TFG.AS.